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Appraising Fixer Uppers

Appraisal Today

Appraisers sought to bracket the subject using three comparable sales. We have learned how to address areas that tend to be sticking points for Fannie Mae and Freddie Mac, such as bracketing elements of comparison. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.29

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Properties are still going under contract. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days). So, what did they do?